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To: onyx
Automatic monthly donations would put an end to FReepathons were every, or a majority of regular users and members to donate monthly.

I was just asking if it would be better to pay a larger chunk instead of monthly -say giving $120 as one chunk would be $2 processing fee - $120 over 12 months is $24 processing fee, right? (Just trying to understand the fee structure)

90 posted on 04/19/2012 3:21:57 PM PDT by libertarian27 (Check my profile page for the FReeper Online Cookbook 2011)
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To: libertarian27
I was just asking if it would be better to pay a larger chunk instead of monthly -say giving $120 as one chunk would be $2 processing fee - $120 over 12 months is $24 processing fee, right? (Just trying to understand the fee structure)

Ah, I understand. I think the processing fees are a percentage. I donate $30 per month, which likely costs 1.5% or 2% to process, but Free Republic knows it getting that amount every month.

I think you're right, when it comes to Free Republic receiving the entire amount, that checks are better, but that leaves us with FReepathons and I like FReepathons and Monthly Donations!

Processing fees are part of doing business. Retail business are also stuck with processing fees. If checks bounce, Free Republic is stuck with the cost of those, without much recourse. I have no idea if that's happened.


107 posted on 04/19/2012 3:39:50 PM PDT by onyx (SUPPORT FREE REPUBLIC, DONATE MONTHLY. If you want on Sarah Palin's Ping List, let me know.)
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